# Southern Bank and Trust Company

> **Canonical URL:** https://saferate.com/lenders/southern-bank-and-trust


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Southern Bank and Trust Company is a bank, headquartered in Mount Olive, NC, serving borrowers across 3 states, with 453 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 40% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 38% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493000XJFWT2H46HI07
- **Headquarters:** Mount Olive, NC
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** NC, SC, VA
- **Markets (MSAs):** 7
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 60/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 62/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.032%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,825
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 453
- **Dollar Volume:** $174 million
- **Applications Received:** 565
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $383,698
- **Average Borrower Income:** $174,885
- **Average Property Value:** $562,550

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **Purchase Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 65/100 | 423 | +0.067% | $1,857 | Strong 😀 |
| VA | 56/100 | 15 | -0.653% | $891 | Sound ☺️ |
| Jumbo | 42/100 | 12 | +0.698% | $4,723 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 373 loans, Score: 65/100 (Strong)
- Refinance: 50 loans, Score: 46/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 62/100 | 398 | $155M | +0.052% | Strong 😀 |
| Refinance | 44/100 | 55 | $19M | -0.038% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NC | 422 | 0.28% | 78/100 |
| VA | 30 | 0.03% | 51/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 233 | 68/100 |
| Wilmington, NC | NC | 53 | 72/100 |
| Virginia Beach | VA-NC | 41 | 59/100 |
| Greenville, NC | NC | 37 | 76/100 |
| Rocky Mount, NC | NC | 29 | 75/100 |
| Raleigh | NC | 20 | 51/100 |
| Goldsboro, NC | NC | 18 | 64/100 |

## Where This Lender Ranks

Southern Bank and Trust Company appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Rocky Mount, NC Banks
  - [View Full Rankings](https://saferate.com/rocky-mount-nc/best-mortgage-lenders/banks)
- 🥈 **#2** in Goldsboro, NC for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/goldsboro-nc/best-mortgage-lenders/banks/conventional-loans)
- 🥉 **#3** in Greenville, NC Banks
  - [View Full Rankings](https://saferate.com/greenville-nc/best-mortgage-lenders/banks)
- 🥉 **#3** in Rocky Mount, NC for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/rocky-mount-nc/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#4** in Greenville, NC
  - [View Full Rankings](https://saferate.com/greenville-nc/best-mortgage-lenders)
- 🏆 **#4** in Greenville, NC for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/greenville-nc/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#4** in Rocky Mount, NC
  - [View Full Rankings](https://saferate.com/rocky-mount-nc/best-mortgage-lenders)
- 🏆 **#6** in Wilmington, NC Banks
  - [View Full Rankings](https://saferate.com/wilmington-nc/best-mortgage-lenders/banks)
- 🏆 **#7** in Goldsboro, NC for Conventional Loans
  - [View Full Rankings](https://saferate.com/goldsboro-nc/best-mortgage-lenders/conventional-loans)
- 🏆 **#8** in North Carolina Banks
  - [View Full Rankings](https://saferate.com/north-carolina/best-mortgage-lenders/banks)
- 🏆 **#9** in Rocky Mount, NC for Conventional Loans
  - [View Full Rankings](https://saferate.com/rocky-mount-nc/best-mortgage-lenders/conventional-loans)
- 🏆 **#10** in Wilmington, NC
  - [View Full Rankings](https://saferate.com/wilmington-nc/best-mortgage-lenders)
- 🏆 **#11** in Wilmington, NC for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/wilmington-nc/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#11** in Greenville, NC for Conventional Loans
  - [View Full Rankings](https://saferate.com/greenville-nc/best-mortgage-lenders/conventional-loans)
- 🏆 **#13** in North Carolina
  - [View Full Rankings](https://saferate.com/north-carolina/best-mortgage-lenders)
- 🏆 **#14** in North Carolina for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/north-carolina/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#15** in North Carolina for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/north-carolina/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#19** in North Carolina for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/north-carolina/best-mortgage-lenders/banks/va-loans)

## Frequently Asked Questions

### What loan types does Southern Bank and Trust Company offer?

Southern Bank and Trust Company offers the following mortgage loan types: Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Southern Bank and Trust Company offer mortgages?

Southern Bank and Trust Company offers mortgages in 3 states: NC, SC, VA.

### How competitive are Southern Bank and Trust Company's mortgage rates?

Southern Bank and Trust Company has a pricing score of 60/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.032% above market average.

### What type of lender is Southern Bank and Trust Company?

Southern Bank and Trust Company is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Mount Olive, NC.

### What is Southern Bank and Trust Company's loan approval success rate?

Southern Bank and Trust Company has a pull-through score of 62/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/southern-bank-and-trust

### How to Cite

> "Southern Bank and Trust Company Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/southern-bank-and-trust

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